Used as a highly effective catalyst in organic synthesis, particularly in fluorination and trifluoromethylation reactions. Its unique borate structure enhances reactivity and selectivity, making it valuable in pharmaceutical and agrochemical manufacturing. It facilitates carbon–fluorine bond formation under mild conditions, which is critical for developing bioactive molecules. Also employed in cross-coupling reactions where stable and soluble anionic ligands are required. Its application extends to materials science for modifying electronic properties of organic semiconductors.